President Donald Trump claimed that the recent bull run in Bitcoin's price is due to his commitment to making the United States the global leader in cryptocurrency innovation and adoption. He credited his administration's pro-crypto stance for the unprecedented growth of Bitcoin. Trump has portrayed himself as a supporter of digital assets and has taken steps to support the industry, including appointing a crypto-friendly agency head and signing executive orders to encourage the development of digital assets. He criticized the regulatory stance of the SEC under former Chair Gary Gensler, but claimed to have "totally ended that war." Trump's comments come at a time when Washington is expected to welcome its most pro-crypto Congress, with lawmakers leading efforts to draft regulatory frameworks for the industry. Trump's leadership could further strengthen the US's position in the global crypto economy.



Other News from Today